Rambus beats Q4 expectations with $91.8M revenue, record product revenue of $45.3M

RAMBUS INC

2021-FY EPS reported $0.16 revenue$328,304,000

GAAP revenue $91.8M, net income $6.1M ($0.05 diluted EPS); exceeded Q4 guidance.
Record annual product revenue $143.9M, up 26% YoY, driven by memory interface chips.
Record cash from operations $209.2M in FY2021, $72.2M in Q4; cash balance $485.6M.
Q1 2022 guidance: licensing billings $64-70M, product revenue $43-49M, non-GAAP op costs $69-73M.

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